Other analysts have also recently issued reports about the stock. KeyCorp restated an overweight rating and issued a $250.00 price objective on shares of Vail Resorts in a research note on Wednesday, August 30th. Stifel Nicolaus restated a buy rating and issued a $232.00 price objective (up from $229.00) on shares of Vail Resorts in a research note on Monday, October 2nd. MKM Partners restated a buy rating and issued a $266.00 price objective (up from $264.00) on shares of Vail Resorts in a research note on Monday, October 2nd. Zacks Investment Research upgraded shares of Vail Resorts from a sell rating to a hold rating in a research note on Friday, September 29th. Finally, Janney Montgomery Scott restated a buy rating and issued a $260.00 price objective (up from $245.00) on shares of Vail Resorts in a research note on Friday, September 29th. Eight investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $250.25.
Shares of Vail Resorts (MTN) traded down $2.71 during trading on Friday, hitting $229.33. 293,300 shares of the stock were exchanged, compared to its average volume of 325,405. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.72 and a quick ratio of 0.58. Vail Resorts has a twelve month low of $154.11 and a twelve month high of $237.77. The firm has a market capitalization of $9,260.00, a PE ratio of 43.45 and a beta of 0.48.
Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Thursday, September 28th. The company reported ($1.43) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.81) by $0.38. Vail Resorts had a net margin of 11.04% and a return on equity of 13.46%. The business had revenue of $209.10 million during the quarter, compared to analysts’ expectations of $210.92 million. During the same period in the previous year, the company earned ($1.80) earnings per share. Vail Resorts’s revenue for the quarter was up 16.2% on a year-over-year basis. equities research analysts anticipate that Vail Resorts will post 6.2 EPS for the current year.
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The business also recently announced a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Tuesday, October 10th were paid a dividend of $1.053 per share. This represents a $4.21 annualized dividend and a yield of 1.84%. The ex-dividend date was Friday, October 6th. Vail Resorts’s payout ratio is currently 85.92%.
In related news, insider Patricia A. Campbell sold 5,515 shares of the company’s stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $222.41, for a total transaction of $1,226,591.15. Following the completion of the transaction, the insider now directly owns 28,736 shares in the company, valued at approximately $6,391,173.76. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Michael Z. Barkin sold 7,953 shares of the company’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $216.55, for a total transaction of $1,722,222.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 236,742 shares of company stock valued at $51,804,735. Corporate insiders own 3.30% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Tocqueville Asset Management L.P. increased its holdings in Vail Resorts by 0.3% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 2,770 shares of the company’s stock valued at $562,000 after buying an additional 8 shares during the period. Comerica Bank increased its holdings in Vail Resorts by 0.6% in the 2nd quarter. Comerica Bank now owns 1,789 shares of the company’s stock valued at $376,000 after buying an additional 10 shares during the period. Corundum Group Inc. increased its holdings in Vail Resorts by 0.9% in the 2nd quarter. Corundum Group Inc. now owns 1,603 shares of the company’s stock valued at $325,000 after buying an additional 15 shares during the period. Paloma Partners Management Co increased its holdings in Vail Resorts by 0.8% in the 1st quarter. Paloma Partners Management Co now owns 2,821 shares of the company’s stock valued at $542,000 after buying an additional 23 shares during the period. Finally, FineMark National Bank & Trust increased its holdings in Vail Resorts by 2.1% in the 2nd quarter. FineMark National Bank & Trust now owns 1,225 shares of the company’s stock valued at $248,000 after buying an additional 25 shares during the period. 94.85% of the stock is currently owned by hedge funds and other institutional investors.
About Vail Resorts
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. Its Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations.
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